Armenia Securities Exchange Posted
The XVIII International Conference of the Association of Eurasian Central Securities Depositories (AECSD) “Withstanding market fluctuations: challenges and solutions” was held in Yerevan, Armenia on November 3-4.
The official organizer of the event is AMX represented by “Central Depository of Armenia” OJSC and AECSD Secretariat. The event was sponsored by Ameriabank CJSC (gold sponsor), NSD (gold sponsor) and INFINITUM (bronze sponsor). Representatives from Armenia, Russia, Belarus, Georgia, Tajikistan, Kazakhstan, etc., as well as Clearstream, Rosbank, Raiffeisenbank took part in the conference. Representatives of Armenian banks and investment companies were also presented.
On the first day of the event, the most important topics related to central depositories (CSDs) and financial market infrastructures (FMIs) were discussed in the round table format moderated by Konstantin Saroyan, Secretary General of the Federation of Eurasian Stock Exchanges. All guests of the Conference were involved in the discussion of CSDs and FMIs best practices, areas of activity, regulations and standards of services provided. Issues raised by the account operators were also reflected on by the participants of the conference.
The AECSD annual meeting was held on the second day of the event. The AECSD members and Observes presented their reports on changes and improvements in their companies.
The chairmanship of the Association of Eurasian Central Depositories was transferred to the Central Depository of Tajikistan, which was elected in a closed voting. Vahan Stepanyan, general director of the Central Depository of Armenia, gave the AECSD trophy to Suhrob Muborakshoev, director of the Central Depository of Tajikistan. The next AECSD conference will be held in Tajikistan.
Vahan Stepanyan, the Chairman of AECSD for the 3rd consequence year said in his speech: “During these 3 years, AECSD has demonstrated its role as an association and we can proudly say that it serves as an effective platform for active cooperation, mutual assistance and exchange of experiences. Over the last 3 years, we have effectively used this platform to share innovative ideas, organize events, webinars, workshops, etc.”
Arman Melkumyan, the AECSD Secretary General provided the information about core changes and events in AECSD for three past years in his report and highlighted that long-term and reliable cooperation between AECSD members helps to overcome all the challenges of our time.
Holding the annual AECSD conference in Armenia gives all of us an opportunity to effectively cooperate and make Armenian investment instruments available abroad and instruments of other countries available to Armenian investors.
The International Conference of the AECSD is an annual event that is brings together a large number of specialists and experts interested in financial market issues. The conference serves as a platform for exchanging ideas on the development and expansion of depository activities, and also provides an opportunity for depositories and stakeholders in the Eurasian region to exchange information and experience.
This is a great opportunity for Armenia to find allies and establish new cooperations in the regional financial market.